Virtual currency unit 1 (VCU1) is poses a __________ risk to nations in which is it used because ___________________________
a. High; it can be used directly by end users to buy goods and services.
b. High, it weakens central banks' abilities to control their monetary bases.
c. Low; it can be earned and spent only in virtual worlds.
d. Low; purchases and sales of VCU1 change only modestly a nation's monetary base.
e. High; it is capable of causing dramatic changes in a nation's M2 money multiplier.
.C
You might also like to view...
Suevania opens its doors to trade with Barvania. Barvania has a comparative advantage in the production of machinery. Hence, once trade occurs Suevania's consumers will buy ________ machinery and pay ________ before
A) more; a lower price than B) the same amount of; the same price as C) less; a higher price than D) more; a higher price than E) less; a lower price than
Concepts useful in evaluating the costs and benefits of alternative types of taxes are:
A. efficiency, incidence and scarcity. B. revenue, scarcity, and shortage. C. incidence, scarcity, and shortage. D. efficiency, revenue and incidence.
The idea that only the government can organize economic activity in a way that promotes economic well-being for a country as a whole
a. is a basic principle regarding individual decisionmaking. b. amounts to a denial of one of the basic principles regarding interactions among people. c. supports the idea that the "invisible hand" should guide economic activity. d. was promoted by the economist Adam Smith in a well-known 1776 book.
Growth is advantageous to a nation because it
A. slows the growth of wants. B. eliminates the economizing problem. C. promotes faster population growth. D. lessens the burden of scarcity.